SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Sees Large Growth in Short Interest

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 17,443 shares, an increase of 153.3% from the April 15th total of 6,886 shares. Based on an average daily volume of 49,020 shares, the days-to-cover ratio is presently 0.4 days. Approximately 6.7% of the company’s shares are short sold.

SaverOne 2014 Trading Down 2.5%

Shares of SVRE stock traded down $0.13 on Friday, hitting $4.90. The company had a trading volume of 11,687 shares, compared to its average volume of 186,969. SaverOne 2014 has a twelve month low of $2.20 and a twelve month high of $68.28. The company has a 50-day moving average price of $3.76 and a 200-day moving average price of $8.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.88 and a current ratio of 2.34.

SaverOne 2014 (NASDAQ:SVRE) last posted its earnings results on Friday, March 27th. The company reported ($51.79) earnings per share for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $1.84 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Insider Transactions at SaverOne 2014

In other news, Director Visionwave Holdings, Inc. acquired 49,420,800 shares of SaverOne 2014 stock in a transaction on Monday, March 30th. The shares were bought at an average cost of $3.00 per share, for a total transaction of $148,262,400.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 107,524,800 shares of company stock valued at $322,574,400 over the last quarter.

SaverOne 2014 Company Profile

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.